Sponsored by Forest Grove Economic Development
Home Must Reads Umpqua Bank parent buys Washington firm

Umpqua Bank parent buys Washington firm

| Print |  Email
Must Reads
Wednesday, June 05, 2013

Umpqua Holdings agreed to pay $158 million for the parent of Financial Pacific Leasing, a Washington company that leases equipment to small businesses.

FinPac had assets of $279 million, and the bank expects the acquisition to add to per-share operating earnings by 14 percent within a year. It should also add about one-third of one percentage point to Umpqua's net interest margin, the bank said, which had been shrinking along with the rest of the industry.

In a statement, Umpqua CEO Ray Davis called the purchase was "a disciplined acquisition" that took advantage of the bank's excess capital and should boost profits. He said the bank would continue looking for other acquisitions.

Read more at OregonLive.com.

{biztweet}umpqua bank{/biztweet}

 

More Articles

Risks & rewards of owning triple net investments

Contributed Blogs
Thursday, July 24, 2014
NNNinvestmentBY CLIFF HOCKLEY | OB GUEST CONTRIBUTOR

With the increasing retirements of Baby Boomers, a massive real estate shift has created a significant increase in demand for NNN properties. The result? Increased demand has triggered higher prices and lower yields.


Read more...

Oversight? Or gaming the system?

News
Monday, July 14, 2014
AmazonBY VIVIAN MCINERNY | OB BLOGGER

Some people think Amazon’s winking eye logo is starting to look like a hoodwink.


Read more...

Oregon Business wins awards

News
Monday, June 30, 2014

ASBPEOregon Business magazine won two silver awards for excellence in writing in the National American Society of Business Publication Editors Western region competition.


Read more...

Q&A: David Lively of Organically Grown Co.

News
Tuesday, July 01, 2014
OGCLogoBY HANNAH WALLACE | OB BLOGGER

Demand for organic food continues to soar: Last year, sales of organic food rose to $32.3 billion — up 10% from 2012. In Oregon, organic produce wholesaler Organically Grown Co. has been championing organic growing methods for four decades.


Read more...

The business of running a food cart

News
Thursday, June 05, 2014
OBM1BY HANNAH WALLACE | OB BLOGGER

What does it take to launch and run one of these mobile food businesses?  


Read more...

Creating a culture of compliance

Business tips
Thursday, June 19, 2014
DataBY MONICA ENAND | GUEST CONTRIBUTOR

Nine tips for building habits among employees to respond when needed.


Read more...

South Waterfront's revenge

News
Thursday, July 24, 2014
MoodyAveBY LINDA BAKER | OB EDITOR

Remember the naysayers?  Those who called the South Waterfront aerial tram a boondoggle?  Those who rejoiced at the massive sell off of luxury condos at the John Ross and Atwater Place?


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS